3505 L Street Bakersfield, CA ^$ 325,000

3505 L Street

^$ 325,000

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Recently Listed

3505 L Street

Bakersfield, CA, 93301

^$ 325,000

Studio Baths0.0 Sq 1,471

Monthly Estimate*

^$ 1,946

3505 L Street, Bakersfield, CA 93301 - Image 1

3505 L Street, Bakersfield, CA 93301 - Image 2

3505 L Street, Bakersfield, CA 93301 - Image 3

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Studio

Multi-Family Home for sale in Bakersfield, CA

for $325,000. This 1,471 square foot home was built in 1923.

Great investment property conveniently located near downtown Bakersfield. This unique offering includes two separate homes on one lot, providing excellent rental income potential and flexibility for any investor or owner-occupant. The Front unit is 3bd/1ba approximately 1,084 SF Currently rented at $1,250 and the back unit contains 1bd/1ba approximately 450 SF currently rented at $950/month. Both units are well-maintained, and the property's central location makes it highly desirable for tenants, offering quick access to downtown, shopping, dining, and major transportation routes. Whether you're a seasoned investor or looking to start your real estate portfolio, this property provides a great opportunity for cash flow with room to grow.

Multi-Family Active

Price

^$ 325,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

2 homes on 1 Lot

Year Built

1923

Town/City

Bakersfield

County/Region

Kern

MLS | Web ID

202409316

Features

Exterior

Parking Features Uncovered

Garages 0

Parking 0.00

Lot Size Source (Public Record)

General

Year Built 1923

Neighborhood Homaker Park

Subdivision Northern Div

Stories 1

Property SubType 2 homes on 1 Lot

Gross Income 26400.00

County Kern

Net Operating Income 17160.00

Property Type Residential Income

Close Price 0.00

Status Active

High School North

City Bakersfield

Disclosures None of the Above

NumberOfUnitsTotal 2

MLS Area 10

Lot Size Units SqFt

Lot Size Square Feet 6098.00

Elementary School Hills Stella

Middle/Junior High School Emerson

Days on Market 6

Elementary School District Bakersfield City

Cap Rate 0.05

Internal Only

Street Number 1 3505

* Excluded Features

List By

Nicholas S. Sibley

Listing Agent

Central Valley Property Adviso

Broker

nick@centralvalleypropertyadvisors.com

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$1,946

Per Month

Monthly Principal & Interest: $1,946
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Bakersfield, CA

Average List Price ^$694,964

Percent of Sale Price 114%

About Bakersfield, CA

383,374 Population

50% Since 2002

^$58,566 Median Income

32.94 Median Age

40% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2679165 Elementary School

1904880 Middle School

North High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/12/2024	$325,000		Listed Price

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3505 L Street, Bakersfield, CA, 93301 is a Multi-Family Home for sale at $325,000 with 1,471 sqft. 3505 L Street is a studio with 0.0 baths and was built in 1923. The property's zip code is 93301 which is in Bakersfield, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Golden Empire MLS IDX Database. Real estate listings held by brokerage firms other than Weichert Realtors include the name of the listing broker.

The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information from Golden Empire MLS, Inc., as of 9/19/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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3505 L Street

Multi-Family Home for sale in Bakersfield, CA

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